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Stephen S. Roach

Stephen S. Roach

Writing for PS since 2011
164 commentaries
1 videos & podcasts

Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China (Yale University Press, 2014) and Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022).

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  1. China’s Rebalancing Imperative
    op_roach3_ Kevin FrayerGetty Images_china lagging consumption Kevin Frayer/Getty Images

    China’s Rebalancing Imperative

    Apr 19, 2024 Stephen S. Roach explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.

  2. China Stifles Its Own Debate
    roach164_PEDRO PARDOPEDRO PARDOPOOLAFP via Getty Images_china development forum PEDRO PARDO/POOL/AFP via Getty Images

    China Stifles Its Own Debate

    Apr 12, 2024 Stephen S. Roach bemoans the transformation of the country’s most important platform for open dialogue into a schmooze-fest.

  3. American Sinophobia
    roach163_ROBERTO SCHMIDTAFP via Getty Images_mikegallagher Roberto Schmidt/AFP via Getty Images

    American Sinophobia

    Mar 27, 2024 Stephen S. Roach warns that fear has driven US policymakers to level a litany of unsubstantiated charges against China.

  4. The Drums of US-China Cyber War
    roach162_Kevin DietschGetty Images_christopherwray Kevin Dietsch/Getty Images

    The Drums of US-China Cyber War

    Feb 27, 2024 Stephen S. Roach worries that irrational Sinophobia has become America's new bipartisan political orthodoxy.

  5. China’s Imagination Deficit
    roach161_Tao ZhangGetty Images_china Tao Zhang/Getty Images

    China’s Imagination Deficit

    Jan 26, 2024 Stephen S. Roach warns that the government’s response to tough problems is being driven by stale tactics and ideology.

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  1. qxu2_VCGVCG via Getty Images_chinashipping VCG via Getty Images

    Why the US Can’t Win the Trade War With China – and Shouldn’t Try

    Qiyuan Xu argues that high capital outflows – largely a result of US policy – have resulted in an undervalued renminbi.
  2. eichengreen190_Tomohiro OhsumiGetty Images_japanexchange Tomohiro Ohsumi/Getty Images

    The Dilemmas of the Dollar

    Barry Eichengreen

    The dollar's strength, particularly against major Asian currencies, has triggered a wave of skittishness in financial markets. Can anything be done to stem the greenback's rise, and even if something can be done, should it?

    asks whether anything can or should be done about the greenback's strength, especially against Asian currencies.
  3. matola2_Per-Anders PetterssonGetty Images_malawi cooking Per-Anders Pettersson/Getty Images

    Clean Cooking Advances Women’s Empowerment

    Rachel Ruto outlines a gender-based strategy for improving energy access and reducing air pollution in Africa.
  4. kirtondarling1_Andreas RentzGetty Images_european green new deal Andreas Rentz/Getty Images

    There Can Be No Business as Usual for European Industry

    Judith Kirton-Darling urges EU leaders to make a renewed Green Deal, backed by competitiveness-bolstering initiatives, a top priority.
  5. zizek30_Fatima ShbairGetty Images_gaza Fatima Shbair/Getty Images

    Protests of Despair

    Slavoj Žižek

    While the ongoing pro-Palestinian student protests have many superficial similarities to the student uprisings of the late 1960s, only the latter envisioned a new political movement to ameliorate the ills of their time. The current protesters' goals are far more modest, which makes them all the more tragic.

    sees the pro-Palestinian student demonstrations as a signal of a much deeper, widespread malaise.
  6. carstens5_Getty Images_finternet Getty Images

    The Rise of the Finternet

    Agustín Carstens & Nandan Nilekani foresee a world in which cheap, secure, and near-instantaneous financial transactions are available to all.
  7. rodrik222_Kevin FrayerGetty Images_china solar panel Kevin Frayer/Getty Images

    Don’t Fret About Green Subsidies

    Dani Rodrik sees no good argument against industrial policies that accelerate growth in decarbonization industries.
  8. gros186_Sean GallupGetty Images_euro Sean Gallup/Getty Images

    Europe’s Geoeconomic Competitiveness Challenge

    Daniel Gros highlights the security risks raised by the prolonged decline of the EU’s relative economic power.
  9. op_ang1_retrorocketGetty Images_corruption retrorocket/Getty Images

    How Exceptional Is China’s Crony-Capitalist Boom?

    Yuen Yuen Ang explains how corruption both drove the country's GDP growth and sowed the seeds for its current economic problems.

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